Indonesia Followed Other Regional Central Banks To Manage Capital Flows And Reduce Rupiah Swings Bank Indonesia announced measures to damp potentially destabilising flows of speculative money in and out of its financial system, joining regional policymakers in seeking to reduce currency volatility. As it stands, the rupiah depreciated by around 4% in just slightly more than a month from a high of 9,005/US$ on 14 April to a low of 9,400/US$ on 25 May, before bouncing back by around 3% to 9,145/US$ on 16 June.
The World Economy...- 17/5/2010
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